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The Propaganda Report

Bank of America Scandal Exposes Toxic Progressivism & "Chief Trust Officer" (DNB)

The Propaganda Report

Brad Binkley

News, Daily News, Comedy, News Commentary

4.6916 Ratings

🗓️ 14 July 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Bank of America Scandal Exposes Toxic Progressivism & "Chief Trust Officer" (DNB) To Support The Show & Get Exclusive XR Content, DNB Ad Free, Check Out The Links Below Propaganda Report is creating Podcasts | Patreon Propaganda Report Community (locals.com) Propaganda Report | Rokfin Help keep the show afloat with a one-time donation PayPal.Me Follow me on Twitter, Youtube, & Rumble (12) Binkley (@freedomactradio) / Twitter Brad Binkley - YouTube The Propaganda Report (rumble.com) The Propaganda Report (propagandafight.com) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

A Bank of America scandal reveals progressive wokism for what it truly is.

0:04.4

And how much does a diversity and inclusion officer make per year?

0:09.2

This is a propaganda report's drive time and newsblast.

0:12.0

I'm Brad Binkley. I want to talk about a story today that has to be one of the best of the year in my opinion

0:16.8

because of how perfectly it juxtaposes someone's virtue signaling with the way that they actually treat people in real life.

0:26.0

And I'm talking about the story from yesterday where Bank of America agreed to pay $250 million

0:32.2

for using deceptive practices and abusing their customers for at least 12 years, I believe was what they found.

0:40.0

And I've seen some coverage of this story in the news, but everything that I've seen leaves out the most important part which involves another story from this week as well that's directly tied to this one that everyone seems to be ignoring the connections to.

0:54.6

It's crazy that this isn't being pointed out, or maybe it's not.

0:59.0

I don't know.

0:59.8

I am going to point it out though, after we go through the details of this bank

1:04.1

scandal so yesterday the Consumer Financial Protection Bureau the CFPD

1:09.4

ordered Bank of America to pay over a100 million to customers that it had harmed

1:15.1

and another $150 million in penalties to the Consumer Financial Protection Bureau

1:20.5

as well as the Office of Comptroller of the Currency. The reason for the largest bank, mind you. And this is according to the Protection Bureau's press release, it says,

1:35.8

Bank of America harmed hundreds of thousands of its customers over a period of several years

1:40.6

and across multiple product lines and services.

1:43.8

Specifically, they say that Bank of America

1:46.5

deployed a double dipping scheme to harvest junk fees.

1:50.5

What they did was they were charging people multiple $35 overdraft fees for the same transaction.

1:56.0

So they were basically charging people a $70 overdraft fee, which is a great feeling for someone who's already struggling financially.

2:03.0

There's just nothing like sticking your card in the ATM machine to get a little bit of money out,

...

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